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$1,900,000
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
0 |
1985 |
On the market:
35 days
|
View full details, 15 photos, school info, and price history
Premier Real Estate Team presents West Park Trailer Park, a ±50-pad mobile home community in Lexington, NC. Appraised at $2.6M (July 2024) and now offered at $1.9M for a quick close, this is a true value-add opportunity with multiple levers for growth.
Highlights:
•39 developed pads + 11 approved expansion pads (municipal approvals in place, infrastructure budgeted)
•23 park-owned homes — many recently acquired and ready for repositioning or resale
•Individually metered utilities streamline future operations
•Strong upside via rent increases, home sales, and infill/expansion
Location:
Located near the Piedmont Triad near Winston-Salem, High Point, and Greensboro, a region experiencing job growth and high demand for affordable housing.
Terms:
•$2.4M seller financing with $800K down
•Or $1.9M all-cash, quick close
Rent roll and July 2024 appraisal available in DD with signed CA.
Listing courtesy of Nate Brink, Premier Real Estate Team Inc.